After that tie-up Avis Budget’s stacks bounced more than 14 percent.
Alphabet’s self-driving car company, Waymo, will rely on Avis to service and store its fleet of Chrysler self-driving vans, the companies said in a statement. Most of the 600 vehicles will be deployed, in part to support a pilot in Phoenix, Arizona.
Avis will provide services like secure parking, cleaning, oil changes and tire rotations at its locations as part of the agreement.
The tie-up comes as Waymo and Uber fight in court over self-driving car technology. Uber’s ride-hailing service is also a rival of Avis.